Greywell Property Limited - Limited company - abbreviated

REGISTERED NUMBER: 03517282 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

GREYWELL PROPERTY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R C E Hopcraft

S R Rolt

SECRETARY:

S R Rolt

REGISTERED OFFICE:

Culworth Fields

Culworth

Banbury

Oxfordshire

OX17 2HN

REGISTERED NUMBER:

03517282 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

2

5,666

11,253

Investments

3

1

5,667

11,254

CURRENT ASSETS

Stocks

2,198,080

1,503,718

Debtors

22,673

15,752

Cash at bank and in hand

148,036

249,028

2,368,789

1,768,498

CREDITORS

Amounts falling due within one year

1,753,980

1,095,609

NET CURRENT ASSETS

614,809

672,889

TOTAL ASSETS LESS CURRENT
LIABILITIES

620,476

684,143

PROVISIONS FOR LIABILITIES

1,473

2,926

NET ASSETS

619,003

681,217

CAPITAL AND RESERVES

Called up share capital

4

200,000

Profit and loss account

419,003

481,217

SHAREHOLDERS' FUNDS

619,003

681,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 June 2014 and were signed on its behalf by:

R C E Hopcraft - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay

more tax, or a right to pay less tax, at a future date at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in financial statements. Deferred

tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

22,347

DEPRECIATION

At 1 April 2013

11,094

Charge for year

5,587

At 31 March 2014

16,681

NET BOOK VALUE

At 31 March 2014

5,666

At 31 March 2013

11,253

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

1

NET BOOK VALUE

At 31 March 2014

1

At 31 March 2013

1

The company's investments at the balance sheet date in the share capital of companies include the following:

Greywell Henley Limited

Nature of business: Property holding company

%

Class of shares:

holding

Ordinary

100.00

30.9.12

£

Aggregate capital and reserves

1

30 September 2012 are the last available accounts.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

200,000

Ordinary

£1

200,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr R C E Hopcraft's loan account became overdrawn, the maximum amount and the year end

balance was £15. This has subsequently cleared.

6.	RELATED PARTY DISCLOSURES

R C E Hopcraft (Director) is also a director of M Tec (Warwickshire) Limited, a company registered in England.

During the year purchases were made from M Tec (Warwickshire) Limited amounting to £20,431 (2013

£6,683).

At the year end M Tec (Warwickshire) Limited owed Greywell Properties Limited £68 (2013 £16).

At 31 March 2014 other creditors includes loans made to the company by the director Mr S Rolt of £1,698,861

(2013 £1,093,651). The loans are interest bearing and have no fixed date for repayment.

At 31 March 2014 other creditors includes loans made to the company by the director Mr Hopcraft of £nil (2013

£23). The loans are interest free and no fixed date for repayment.

Greywell Property Limited - Limited company - abbreviated - 11.0.0

Greywell Property Limited - Limited company - abbreviated - 11.0.0